RK Capital Management LLC grew its position in shares of Pool Co. (NASDAQ:POOL – Free Report) by 54.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 25,435 shares of the specialty retailer’s stock after acquiring an additional 8,980 shares during the period. Pool comprises about 2.0% of RK Capital Management LLC’s holdings, making the stock its 25th largest holding. RK Capital Management LLC owned about 0.07% of Pool worth $9,529,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in POOL. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Pool by 65.5% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,315 shares of the specialty retailer’s stock worth $1,991,000 after acquiring an additional 2,104 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Pool by 1.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,599 shares of the specialty retailer’s stock valued at $1,575,000 after buying an additional 72 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in Pool by 164,100.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,642 shares of the specialty retailer’s stock worth $562,000 after acquiring an additional 1,641 shares in the last quarter. Mutual Advisors LLC purchased a new stake in shares of Pool in the second quarter worth $200,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of Pool during the second quarter valued at approximately $47,000. Institutional investors own 98.99% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on the company. Oppenheimer reduced their target price on Pool from $375.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, October 20th. StockNews.com began coverage on shares of Pool in a research note on Thursday, October 5th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Pool has a consensus rating of “Hold” and a consensus target price of $385.70.
Pool Trading Up 0.1 %
NASDAQ POOL traded up $0.18 during trading hours on Monday, hitting $350.40. 98,525 shares of the company were exchanged, compared to its average volume of 409,690. Pool Co. has a 52 week low of $295.95 and a 52 week high of $423.97. The company has a quick ratio of 0.81, a current ratio of 2.58 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $338.44 and a 200 day moving average price of $350.73. The stock has a market cap of $13.55 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 4.51 and a beta of 0.96.
Pool (NASDAQ:POOL – Get Free Report) last released its earnings results on Thursday, October 19th. The specialty retailer reported $3.50 earnings per share for the quarter, meeting the consensus estimate of $3.50. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pool had a return on equity of 39.98% and a net margin of 9.65%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.76 EPS. Analysts forecast that Pool Co. will post 13.16 earnings per share for the current fiscal year.
Pool Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, November 7th. This represents a $4.40 annualized dividend and a yield of 1.26%. Pool’s payout ratio is 31.84%.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.
- Five stocks we like better than Pool
- High Flyers: 3 Natural Gas Stocks for March 2022
- The most upgraded stocks in November have two things in common
- How to Start Investing in Penny Stocks
- Monday.com rocked earnings like it’s the weekend
- Video Game Stocks: How to Invest in Gaming
- Plan to own one retailer? Make it this one
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.